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FlatexDEGIRO, one of the leading European online brokers, now enables cryptocurrency trading in Germany. Customers can have 20 digital assets like Bitcoin (BTC) and Ethereum (ETH) trade at low fees. With total costs of just 0.6 percent for liquid cryptocurrencies, the company relies on transparency and competitive conditions. Extensions such as staking and crypto savings plans are already being planned.
New opportunities for investors
In one Press release flatexDEGIRO announces its start in crypto trading today. Crypto trading at flatexDEGIRO is possible around the clock and is accessible from an order size of one euro. The fees consist of a fixed order fee of 0.5 percent and a narrow spread, resulting in a total cost of 0.6 percent for liquid cryptocurrencies and 0.7 percent for less liquid assets. With this model, the provider wants to differentiate itself from its competitors, who often work with hidden costs or wider spreads. flatexDEGIRO wants to impress with its transparency and low fees. To securely store digital assets, the company works with Tangany, an established provider of crypto custody solutions. In addition, tradias guarantees prices in line with the market by including reference values from various trading venues.
The new offer is available via the flatex and ViTrade platforms and is aimed at private investors and professional traders. By focusing on cost transparency and security, the company wants to create an alternative to existing providers.
Staking and savings plans as a vision of the future
FlatexDEGIRO plans to expand its offering to Austria, the Netherlands and other European markets next year. In addition, innovative products such as Crypto-Savings plans and staking in preparation.
Oliver Behrens, CEO of flatexDEGIRO, emphasizes: “Our goal is to create the leading crypto offering in Germany.”
New competition for Bitpanda and Co.
With over three million customers, flatexDEGIRO is one of the largest online brokers in Europe. The expansion into the crypto market could increase the competitive dynamics for providers like Bitpanda, which has so far played a leading role in Austria and Germany. In parallel, Bitpanda is pursuing a global growth strategy, as we do in ours News reported, for example with one License in the United Arab Emirates.
The introduction of crypto trading by flatexDEGIRO shows how traditional financial players are increasingly conquering the market, which in the long term means more choice and innovation for investors.
With the introduction, flatexDEGIRO is positioning itself as a pioneer for regulated and cost-efficient crypto trading in Europe. Investors benefit from an offer that anticipates current EU regulations such as MiCAR (Markets in Crypto-Assets Regulation) and ensures maximum price transparency.